Cassava Sciences with ticker code (SAVA) now have 3 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 24 and 14 with the average target price sitting at 19.33. Given that the stocks previous close was at 7.83 this is indicating there is a potential upside of 146.9%. There is a 50 day moving average of 8.38 and the 200 day moving average is 6.22. The company has a market cap of $265m. Company Website: http://www.cassavasciences.com
Cassava Sciences, a clinical stage biotechnology company, develops drugs for nervous system disorders. Its lead therapeutic product candidate is PTI-125, a small molecule drug, which is completed Phase 2b clinical trial; and investigational diagnostic product candidate is SavaDx, a blood-based biomarker/diagnostic to detect Alzheimer’s disease. The company was formerly known as Pain Therapeutics and changed its name to Cassava Sciences in March 2019. Cassava Sciences was founded in 1998 and is based in Austin, Texas.